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PRESS RELEASE

International Airlines Group Signs MOU for V2500 Engines to Power 30 Airbus Aircraft

FARNBOROUGH AIRSHOW, Tuesday, July 15, 2014

International Airlines Group (IAG) has signed a memorandum of understanding (MOU) with International Aero Engines' (IAE) for V2500 engines. IAE will power 30 A320ceo aircraft for the IAG subsidiary, Vueling Airlines. These aircraft were part of an IAG order announced in August 2013.

"These engines provide environmental benefits which enable us to reduce the carbon emissions of our fleet, leading to further unit cost reductions," said Alex Cruz, chief executive officer, Vueling Airlines.

The IAE V2500 SelectOne engine, which entered into service in October 2008, places a strong emphasis on efficiency because of the incorporation of key technologies such as 3D aerodynamics and the latest in materials and cooling technology.

"On behalf of Pratt & Whitney and IAE, we are proud to sign an MOU with Vueling to power their fleet of A320ceo aircraft," said David Brantner, president, Pratt & Whitney Commercial Engines. "This is a direct testament to the benefits that the V2500 offers including having the lowest fuel burn, best performance retention, lowest total emissions, and a low cost of ownership."

Vueling Airlines, established in 2004, is a premium low-cost carrier that serves more than 280 routes to over 131 cities in Europe, Middle East and Africa. Vueling is the leading airline at Barcelona-El Prat Airport and has 21 operational bases with a fleet of 90 aircraft.

IAE is a multinational aero engine consortium whose shareholders are comprised of Pratt & Whitney (NYSE: UTX), Pratt & Whitney Aero Engines International GmbH, Japanese Aero Engines Corporation and MTU Aero Engines. To date, more than 6,000 V2500 engines have been delivered to nearly 200 customers around the world.

This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in levels of demand in the aerospace industry, in levels of air travel, and in the number of aircraft to be built; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corps.' Securities and Exchange Commission filings.